DETAILED INVITATION FOR BID
SSC WR-II, Sipat
Transportation of Bottom Ash from Dhanras Ash Dyke to Surakachhar 3 &
4 Ash Stowing Plant area in an Environment Friendly Manner
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their paid up share capital. However individually, their Net worth should not be less than 75%
of their respective paid up share capitals.
Net worth in combined manner shall be calculated as follows:
Net worth (combined)=(x1+x2+x3)/(y1+y2+y3)x100 where x1, x2, x3 are individual net worth
which shall not be less than 75% of the respective paid up share capitals and y1, y2, y3 are
individual paid up share capitals.
7.2.3. In case the Bidder is not able to furnish its audited financial statements on standalone entity
basis, the unaudited unconsolidated financial statements of the Bidder can be considered
acceptable provided the Bidder further furnishes the following documents for substantiation
of its qualification:
• Copies of the unaudited unconsolidated financial statements of the bidder along with the
copies of the audited consolidated financial statements of the holding company.
• A certificate from the CEO/CFO of the Holding Company as per the format enclosed in the
bid documents stating that the unaudited unconsolidated financial statements form part of
the consolidated annual report of the company.
7.2.4. In case where audited results for the last financial year as on date of Techno Commercial Bid
opening are not available, the financial results certified by a practicing Chartered Accountant
shall be considered acceptable. In case, Bidder is not able to submit the certificate from
practicing Chartered Accountant certifying its financial parameters, the audited results of
three consecutive financial years preceding the last financial year shall be considered for
evaluating the financial parameters. Further, a certificate would be required from the
CEO/CFO as per the format enclosed in the bidding documents stating that the financial
results of the company are under audit as on the date of techno-commercial bid opening and
the certificate from the practicing chartered accountant certifying the financial parameters is
not available.
7.2.5. In case a bidder does not satisfy the financial criteria, stipulated at Cl. 7.2.1 and/ or Cl.7.2.2
above on its own, the holding company would be required to meet the stipulated turnover
requirements at Cl.7.2.1 above, provided that the net worth of such holding company as on
the last day of the preceding financial year is atleast equal to or more than the paid-up share
capital of the holding company. In such an event, the bidder would be required to furnish
along with its bid, a Letter of Undertaking from the holding company, supported by Board
Resolution, as per the format enclosed in the bid documents, pledging unconditional and
irrevocable financial support for the execution of the contract by the bidder in case of award.
Notes:
(i) Net worth means the sum total of the paid up share capital and free reserves. Free
reserve means all reserves credited out of the profits and share premium account but
does not include reserves credited out of the revaluation of the assets, write back of
depreciation provision and amalgamation. Further any debit balance of Profit and Loss
account and miscellaneous expenses to the extent not adjusted or written off, if any, shall
be reduced from reserves and surplus.
(ii) Other income shall not be considered for arriving at annual turnover.